HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 5/17/2021MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
MAY 17, 2021
ONLINE ZOOM MEETING
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER - Chair Latchford called the meeting to order at 4:00 P.M.
ROLL CALL
Present: John Latchford, Chairman
Cathy Solverson, Vice Chair
Michael Mason, Commissioner
David Newell, Commissioner - arrived at 5:21 p.m.
James Beasley, Commissioner
Staff Present:Mary Jacobs, Town Manager
David Gephart, Chief Financial Officer
Tobin Sidles, Legal Services Director
Wendy Gomez, Finance and Budget Administrator
Michael Dyckman, Senior Budget Analyst
PLEDGE OF ALLEGIANCE - Vice Chair Solverson led the group in the Pledge of Allegiance.
CALL TO AUDIENCE - No comments were received.
STAFF LIAISON REPORT
Chief Financial Officer David Gephart discussed the following:
-the town is moving forward with PSPRS bond issuance and this matter will be taken to council on June 2, 2021.
-Henry and Horne have been selected as the new auditing firm, and they will be onsite in September for
fieldwork.
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE APRIL 20, 2021 REGULAR SESSION MEETING MINUTES
Motion by Commissioner James Beasley, seconded by Commissioner Michael Mason to approve the
April 20, 2021 minutes as written.
Vote: 4 - 0 Carried
2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 20/21 FINANCIAL UPDATE
2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 20/21 FINANCIAL UPDATE
THROUGH MARCH 2021
Finance and Budget Administrator Wendy Gomez presented on the Town's FY 2020/2021 Financial
Update through March 2021.
Discussion ensued amongst staff and commissioners regarding Agenda Item #2.
3.DISCUSSION OF TOWN MANAGER'S FY 21/22 RECOMMENDED BUDGET
Chief Financial Officer David Gephart led discussion amongst the staff and commissioners regarding
Agenda Item #3.
Chair Latchford thanked staff for their hard work on the budget.
COUNCIL LIAISON COMMENTS
The council liaison was not present.
FUTURE AGENDA ITEMS
No future agenda items were discussed.
ADJOURNMENT
Motion by Vice Chair Cathy Solverson, seconded by Commissioner Michael Mason to adjourn the
meeting at 5:41 P.M.
Vote: 5 - 0 Carried
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the
Town of Oro Valley Budget and Finance Commission of Oro Valley, Arizona held on the 17th day of May, 2021. I
further certify that the meeting was duly called and held and that a quorum was present.
Dated this 19th day of May, 2021.
___________________________
Alison Cote
Legal Secretary